Rating System Analyst

At Federated Insurance, we do life-changing work, focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own.

Federated’s culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect.  We strive to create a work environment that embodies our values and commitment to diversity and inclusion.  We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities.  Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values.

Join our dynamic team as a Rating System Analyst, where you will be pivotal in maintaining and enhancing our policy rating systems. In this role, you'll develop business systems, standards, and procedures that ensure the utmost efficiency, accuracy, and consistency in policy premium rating. You'll also play an integral part in actuarial analysis, reporting, and rate filings. Please note, this role does not involve taking actuarial exams.

Key Responsibilities:

• Develop and maintain policy rating systems and plans to ensure they meet the company's high standards of efficiency and accuracy.
• Monitor and verify the accuracy of automated policy rating applications.
• Recommend and initiate enhancements to improve the effectiveness of rating systems.
• Serve as an expert resource to internal and external stakeholders on rating systems and plans.
• Create, update, and validate reports, assisting in the actuarial analysis of data for management, ratemaking, and reserving purposes.
• Prepare rate manual pages, exhibits, state forms, and responses to external entities such as state insurance departments and rating bureaus.
• Monitor and test the accuracy of data policy rating applications.
• Develop, demonstrate, and maintain advanced knowledge of premium databases and software systems.

Qualifications:

• A four-year degree in accounting, mathematics, or computer science, or equivalent experience.
• Demonstrated mathematical competence and the ability to understand and utilize computer programming languages.
• Advanced skills in Microsoft Office Excel

We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering encompassing competitive compensation, enticing bonus programs, cost-effective health insurance, and robust pension and 401(k) offerings. To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching. Discover more about Federated and our comprehensive benefits package: Federated Benefits You. 

All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1-B visa. Federated does not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.

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